SMM Nickel Market Morning Comment (Apr 12)

On Thursday, the most-traded SHFE nickel contract opened at 141,970 yuan/mt, and closed at 139,610 yuan/mt, down 70 yuan/mt compared with the last trading day. Trading volume increased by 13,042 lots to 273,596 lots, and open interest decreased by 6,391 lots to 75,201 lots. The most-traded SHFE nickel contract fluctuated greatly after opening. In the afternoon, it experienced a sharp drop to the lowest at 138,700 yuan/mt and then rapidly rebounded, with the final increase of 0.26%.